Jan 7, 2015

TOP 10: Most Innovative Health Care Startups to Watch in 2015

Top 10
Admin
3 min
Investors poured billions of dollars into health startups in 2014, fueling companies that plan to reshape everything from clinical trials to bioprinting.
Entrepreneurs will be the ones to lead the reinvention of health care. Below are ten of the most innovative health care startups that are changing th...

Entrepreneurs will be the ones to lead the reinvention of health care. Below are ten of the most innovative health care startups that are changing the industry for the better.  

10. Edamam

Revolutionizing nutrition with data, Edamam organizes the world’s food knowledge and aims to become the nutrition engine of the web. The startup enables companies to provide real time nutrition analysis and diet recommendations to their customers.

9. TalkSession

TalkSession is a network of leading mental health care providers dedicated to making universal mental health care accessible, acceptable and affordable. The startup improves access to mental health treatment, utilizing mobile video to connect last-minute provider availabilities with patients on demand. Through web-based tools, TalkSession is enhancing the quality of care delivered and improving treatment outcomes.

[READ MORE] Google is a Health Tech Enterprise: 7 Ventures to Watch Entering 2015

8. Doctor.com

Doctor.com was created to help medical practices and hospitals stand out and attract new patients. The platform allows people to find, review and book appointments with doctors and dentists, while empowering providers to control their online presence.

7. ABPathfinder

ABPathfinder provides autism therapy software as a therapy management tool to aid therapists in defining and administering therapy programs for patients with autism. Therapists save administrative time, reduce staff training costs and improve the quality and consistency of therapy delivery. Using data analytics, ABPathfinder predicts outcomes, benchmarks performance and acts as a resource for researchers.

6. Pocket Anatomy

On average, patients retain only 10 percent of the information provided by their doctors. Pocket Anatomy creates interactive 3D medical anatomy software as a visual aid for doctors to explain procedures and conditions. With backgrounds in medicine, game development and 3D animation, the founders of Pocket Anatomy hope to harness elements of gaming and game-based learning to promote the understanding of medical education and health care.

5. Twine Health

Twine Health is a HIPAA-compliant, cloud-based software that puts patients at the forefront of their collaborative care. Clinicians and patients work together as a team using synchronized apps that work seamlessly across devices. Self-tracking tools allow patients to proactively manage their conditions and build self-efficacy, while clinicians use a powerful dashboard to identify patients who need help so that they can deliver support at just the right moments.

4. Docphin

Regarded as “The Bloomberg for Doctors,” Docphin provides mobile and web platforms to offer doctors and medical professionals a simple way to keep up with medical research. Health care professionals are able to personalize, access and connect through evidence-based research, while also enabling hospitals to meet new accreditation and funding requirements. Docphin is currently available at over 35 medical centers nationwide, including Harvard, Hopkins, Penn and Stanford.

[READ MORE] TOP 10: Most Promising Drugs Guaranteed to Save Lives in 2015

3. Butterfly Network, Inc.

Butterfly Network is creating an entirely new approach to observe and heal the human body and couple it with deep learning and the cloud to enable insights that will profoundly impact society. One of the systems being developed by Butterfly Network is a medical imaging device that can create 3D images in real time. It is intended to be held up to a person’s chest and similar to a window, allow insight into the patient’s body.

2. Bloodbuy

The Dallas, Texas-based health care company offers a patent pending technology that connects hospitals and blood centers nationwide to ensure the efficient flow of life-saving blood products to patients in need. Hospital benefits: A direct access to a diversified base of premier blood centers. Blood center benefits: A direct reach to a broader base of hospitals across multiple geographies.

1. BioBots

Using blue light technology, high resolution printing and dozens of biomaterials, BioBots is the future of regenerative medicine. The high resolution, 3D bioprinter recreates the 3D structure of a tissue using a fabrication technique. The startup is committed to building a low cost bioprinter that is accessible to a large number of scientists, physicians and biologists to achieve the recreation of an artificial organ.

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Dec 10, 2018

Top 10 healthcare innovations for 2019

Telemedicine
medical devices
Top 10
Genetics
Catherine Sturman
6 min
healthcare innovations
We take a look at some of the top 10 healthcare innovations which are transforming the sector

We take a look at some of the top 10 healthcare innovations which are transforming the sector

10. Telehealth

The telehealth market is booming. Consumers are leading increasingly busy lifestyles, with up to 60% favouring digitally-led services. Providing clinical care at a distance, increasing accessibility and eradicating potential delays has given patients greater control, boosting patient satisfaction and overall engagement. Such is its exponential growth, The Centers for Medicare and Medicaid Services in the US has recently released its proposed Physician Fee Schedule and Qualified Payment Programme updates for 2019, where telehealth services has been heavily featured, in order to deliver ‘different access points’ for patients.  

9. Mobile technology

Consumers have become accustomed to accessing their data through the use of various digital tools, where the use of mobile and tablet health apps has tripled from 13% in 2014 to 48% today. Catering to this growing market, British based start-up Babylon Health is making waves on a global scale. Partnering with the National Health Service (NHS) and private health provider, Bupa, it has also cemented its presence across the flourishing Chinese market, with a membership base exceeding 1.4mn citizens across Europe, Asia and Africa. By partnering with global juggernaut Tencent, Babylon’s artificial intelligence system has enabled both parties to interact directly with users, identify specific illnesses, deliver health status assessments, and triage necessary actions. The mobile app is available to over a billion users and linked to more than 38,000 medical facilities in China alone.

8. Artificial intelligence 

Artificial intelligence (AI) applications, such as predictive analytics for patient monitoring has provided significant financial savings. Applications that target hospitals and medical institutions include patient monitoring and transcribing notes for electronic health records (EHRs). The European Union is set to invest $24bn into artificial intelligence (AI) by 2020 in a bid to catch up with Asia and the US, who have invested heavily in AI and cloud services. This year, Google revealed its plans to harness AI and machine learning across a multitude of consumer technologies, particularly in healthcare. “If AI can shape healthcare, it has to work through the regulations of healthcare. In fact, I see that as one of the biggest areas where the benefits will play out for the next 10-20 years,” Google CEO Sundar Pichai has previously stated.

7. Blockchain

Blockchain is estimated to reach over $5.61bn by the end of 2025, even though it remains dependent on the ability to record and store information conveniently, economically and securely amongst different applications and systems. Providing transparency and eliminating third-party intermediaries, processes are streamlined, reducing healthcare costs exponentially. Unlocking the ability for providers to deliver a value-based healthcare system and enhance patient engagement, blockchain could save the industry up to $100-$150bn per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs and personnel costs, according to BIS Research. Partnering with pharmaceutical giant GlaxoSmithKline (GSK), Ethereum blockchain-based supply chain platform, Viant sought to accelerate the pace of blockchain-based supply chain systems. Accenture and supply chain giant DHL have also developed a blockchain-based serialisation prototype which tracks pharmaceuticals from the point of origin to the consumer.

6. Health wearables

With the rise of lifestyle diseases, such as diabetes, more consumers are turning to health wearables that monitor glucose, heart rate, physical activity and sleep to gain a greater understanding of their health conditions. Following on from the release of the first Bluetooth headset back in 2000, the growing interest in wearables has seen monitoring our health and data become standardised. This data can be analysed by sophisticated algorithms to drive long-term diagnosis and support. Partnering with Google, health wearables company Fitbit is exploring the development of consumer and enterprise health solutions. Its acquisition of HIPAA-compliant health platform, Twine Health has seen the business enhance its clinical services by bringing on board a coaching platform, empowering people to seek better health outcomes.

See also

5. Electronic health records tools

From 2018-2022, the electronic health records (EHR) market is expected to grow at a compound average rate of 6% per year Providers and organisations continue to house fragmented technologies which create barriers towards collaboration and data sharing opportunities. This is further exacerbated if a patient straddles both public and private healthcare. Technology giant Apple has integrated patients’ medical records into its Health App as part of its iOS 11.3 beta. The data is encrypted and protected with the user’s iPhone passcode. Partnering with hospital providers and clinics, patients are now able to view their medical records from multiple providers within one platform. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine, UC San Diego Health and even the Cleveland Clinic have implemented this technology.

4. Healthcare transportation 

Non-emergency health transportation remains a key issue worldwide, preventing patients from getting to or from a doctor’s appointment. 25% of lower-income patients have missed or rescheduled appointments due to lack of transportation, costing US health systems up to $150bn each year. Transportation companies such as Lyft and Uber have therefore entered the market by partnering with state governments to reduce these costs and deliver personalised patient care.

3. 3D Printing 

Healthcare providers are set to represent the second largest industry sector in 3D manufacturing. The Food & Drug Administration’s decision to release its first comprehensive framework advising manufacturers of 3D medical products highlights its growing impact where more than 100,000 knee replacement surgeries are completed each year using 3D-printed, patient-matched surgical guides, for example. Through this process, surfaces and structures can be optimised for strength, weight and material use. Consultation between surgeons and patients has also been bolstered, where patients can better understand the complexity of his or her specific needs.

2. Genomics

As consumers get more involved in the management of their health, consumer genetics and research companies have grown in popularity and scale. People want to further understand their genetic makeup, leading personal genomics and biotech company 23andMe to become one of the largest consumer-based organisations worldwide. Interestingly, this year, the company has entered a four-year collaboration with GSK to develop new treatments, but using human genetics as the basis for discovery.

Not only looking to develop treatments by analysing human genetics, pharmaceutical companies are looking to even remove hereditary genes which pass diseases down generations. In 2017, human embryos were successfully ‘edited’ through gene editing tool, CRISPR (Clustered, Regularly Interspaced, Short Palindromic Repeats), eradicating hypertrophic cardiomyopathy within 42 embryos.

1. Vertical integrations

As healthcare providers aim to provide greater transparency, promote collaboration and lower escalating patient costs, 2018 has been the year for a significant number of vertical integrations. CVS Health’s $68mn takeover of health insurer Aetna is a case in point. By influencing more of the supply chain, it will gain significant negotiating power to reduce costs for payers and patients, develop personalised solutions and improve overall outcomes. It will also promote the eradication of delays in process by removing any third parties within traditional business models. Other notable integrations are Optum’s acquisition of the DaVita Medical GroupHumana and Kindred Healthcare and Cigna and Express Scripts.

Reports have indicated that not only has the number of healthcare deals more than doubled in the last five years, the size of deals has also grown as a result of repeat investor interest, highlighting that this trend is here to stay.

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